The Oppenheimer Russell 1000 Dynamic Multifactor ETF gives investors access to a selection of companies in the Russell 1000 Index through exposure to a subset of the low volatility, momentum, quality, size and value factors.

Why OMFL?
1. Provides access to a portfolio of U.S. large- and mid-cap stocks that score well for exposure to specific factors, including momentum, value, quality, size and low volatility.
2. Seeks to maximize exposure to these factors, which have historically driven long-term returns that outperform the broad market.
3. Capitalizes on the cyclicality of factor performance by employing a dynamic overlay that looks at leading economic indicators and market sentiment to determine the current market environment and then increases exposure to the factors that fare best in that environment.

Why Consider a Factor Strategy?

Combining multiple factors can provide investors with tools to construct more efficient portfolios.

JPMorgan Chase Bank NA; PD: If positive,the Total Return of the IBXXLLTR Index expiring 12/20/2017; RD: If negative, the absolute value of the Total R

0.0687%

Lamar Advertising Co.

0.0678%

Extra Space Storage, Inc.

0.0677%

Tractor Supply Co.

0.0659%

Huntington Ingalls Industries, Inc.

0.0642%

Lennox International, Inc.

0.0637%

Everest Re Group Ltd.

0.0623%

Lamb Weston Holdings, Inc.

0.0618%

Gartner, Inc.

0.0616%

Eaton Vance Corp.

0.0599%

Leggett & Platt, Inc.

0.0578%

Erie Indemnity Co.

0.0564%

Carter's, Inc.

0.0554%

BWX Technologies, Inc.

0.0552%

Garmin Ltd.

0.0547%

Tyler Technologies, Inc.

0.0545%

Equity Lifestyle Properties, Inc.

0.0520%

STERIS plc

0.0511%

Gaming and Leisure Properties, Inc.

0.0509%

Jacobs Engineering Group, Inc.

0.0502%

Donaldson Co., Inc.

0.0497%

Allegion plc

0.0496%

Foot Locker, Inc.

0.0495%

MarketAxess Holdings, Inc.

0.0491%

Liberty Property Trust

0.0486%

Campbell Soup Co.

0.0483%

Brown & Brown, Inc.

0.0474%

Federal Realty Investment Trus

0.0467%

Brown-Forman Corp.

0.0466%

Rayonier, Inc.

0.0455%

MSC Industrial Direct Co., Inc.

0.0452%

National Instruments Corp.

0.0424%

RPM International, Inc.

0.0414%

Hexcel Corp.

0.0407%

Macerich Co.

0.0400%

Sonoco Products Co.

0.0384%

Hubbell, Inc.

0.0379%

News Corp., Cl. A

0.0379%

Genpact Ltd.

0.0378%

Bio-Rad Laboratories Inc.

0.0377%

Landstar System, Inc.

0.0369%

H&R Block, Inc.

0.0330%

Dolby Laboratories, Inc.

0.0317%

Morningstar, Inc.

0.0313%

NewMarket Corp.

0.0312%

AptarGroup Inc.

0.0310%

RenaissanceRe Holdings Ltd.

0.0300%

Delphi Technologies PLC.

0.0284%

Weingarten Realty Investors

0.0276%

Tanger Factory Outlet Centers

0.0273%

Versum Materials, Inc.

0.0257%

EPR Properties

0.0246%

Cable One, Inc.

0.0227%

GCI Liberty, Inc.

0.0210%

Federated Investors, Inc.

0.0206%

Liberty Broadband Corp.

0.0190%

Bed Bath & Beyond Inc.

0.0172%

Negative net cash may be the result of a variety of factors including, but not limited to, (1) pending receivables or (2) amounts owed to the fund due to balancing amounts with respect to purchases and redemptions of creation units, but is not the result of the use of leverage.

2. This is a new fund with limited operating history and an inception date of 11/8/17.

3. Special Risks: An investment in the Fund is subject to investment risk, including the possible loss of principal amount invested.The Fund, seeks to provide exposure to investments based on the following factors: value, momentum, quality, low volatility and size, and to weight such factors based on changes in the economic cycle. There can be no assurance that doing so will enhance the Fund’s performance over time. Investing significantly in a particular region, industry, sector or issuer may increase volatility and risk. Fund returns may not match the return of its respective index, known as non-correlation risk, due to operating expenses incurred by the Fund. Because the Fund is rebalanced quarterly, portfolio turnover may exceed 100%. The greater the portfolio turnover, the greater the transaction costs, which could have an adverse effect on Fund performance.

4. Holdings are subject to change, and are dollar weighted based on total net assets.

5. Negative net cash may be the result of a variety of factors including, but not limited to, (1) pending receivables or (2) amounts owed to the fund due to balancing amounts with respect to purchases and redemptions of creation units, but is not the result of the use of leverage.

6. Standardized yield is based on an SEC standardized formula designed to approximate a Fund's annualized hypothetical current income from securities less expenses for the 30-day period ending and including the most recent month-end or quarter-end and that date's NAV.

A. Daily net asset value and dollar change of the fund is as of the previous business day's closing. Fund net asset values are updated at approximately 7:00pm ET daily.↩

B. There is no guarantee of the payment of any dividend or other distributions at any level.↩

This material is provided for general and educational purposes only, is not intended to provide legal or tax advice, and is not for use to avoid penalties that may be imposed under U.S. federal tax laws. OppenheimerFunds is not undertaking to provide impartial investment advice or to provide advice in a fiduciary capacity. Contact your attorney or other advisor regarding your specific legal, investment or tax situation.

Shares of Oppenheimer funds are not deposits or obligations of any bank, are not guaranteed by any bank, are not insured by the FDIC or any other agency, and involve investment risks, including the possible loss of the principal amount invested.

Investing involves risks including possible loss of principal.

Before investing in any of the Oppenheimer funds, investors should carefully consider a fund's
investment objectives, risks, charges and expenses. Fund prospectuses and summary prospectuses
contain this and other information about the funds, and may be obtained by asking your financial
advisor, visiting oppenheimerfunds.com, or calling 1.800.525.7040.
Read prospectuses and summary prospectuses
carefully before investing.